Pound sterling is the weakest currency in the world today and we’ve seen a pretty big gilt rally, with 10 year gilt yields rallying 7 basis points to 3.1% at the time of writing, the lowest yield in seven months….
Monthly Archives: June 2011
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Guest contributor – Tamara Burnell (Head of Financial Institutions/Sovereign Research, M&G Credit Analysis team) The Bank for International Settlements (BIS) recently released some fascinating data on the country risk exposure of global banks. For the first time we got some…
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The last thing that financial markets needed this morning was a wobbly Spanish auction, but that’s exactly what they got. Spain’s borrowing costs have soared, with 10 year Spanish government bond yields jumping a massive 20bps at one point. On…
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Don’t get me wrong, I am not sounding the death knell of the post QE (1) credit rally. But a couple of pretty important and recent developments have got me asking: should I be chipping away at some of the…
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Food prices expected to remain high and volatile for the remainder of 2011
- Topics
- economic factors, inflation
Posted June 7th, 2011
After Jim’s blog last week on rising food prices, I thought it might be interesting to have a quick look at the latest global “Food Outlook” report issued last week by the Food and Agriculture Organisation (FAO) of the United…
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Why is UK inflation running at a much higher rate than European inflation? The UK’s CPI is 4.5% compared with 2.7% in Europe. One answer might be food inflation, a major portion of the overall CPI baskets (11% in the…
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The last month has been a horror show for the world’s biggest economy, and things are getting even worse if data released today is anything to go by. It seems that almost every bit of data about the health of…










